CMW applauds United Nations’ Secretary General António Guterres’s calls for the safe and sustainable use of carbon removals while warning that these technologies were not a “silver bullet” and cannot substitute deep emissions cuts.
Our investigation into Occidental Petroleum’s heavy investment, including taxpayers’ money, in untested direct air capture reveals the huge dangers involved in misusing carbon removals as a substitute for genuine climate action.
Numerous changes are particularly needed in the Supervisory Body’s draft recommendations regarding removal activities, including with regard to the need for: long-term monitoring, a science-based process to determine reversal risk, clarifications on how reversals are remediated, and strengthened safeguards to uphold the rights of Indigenous Peoples. For more information, including Carbon Market Watch’s text proposals, please consult our full submission.
Is offsetting fine if it is done with highly durable carbon removal credits? Sabine Frank weighs the pros and cons.
EU’s underwhelming 2040 climate target shifts responsibility to future generations
With the European Commission set to release its proposed 2040 climate target for the EU on 6 February 2024, it is imperative that policymakers get the design right by separating carbon removals from emissions reductions,
the European Commission has received an open letter signed by 96 academics, businesses, civil society organisations and research institutions urging the EU to separate emissions reductions, land-based sequestration and permanent carbon removals in the EU’s post-2030 climate framework.
Carbon Market Watch calls on organisations, businesses and academics to join its open call for the EU to explicitly separate its targets and policies for emissions reductions, carbon sequestration in the land sector and permanent removals in its post-2030 climate framework.
The European Parliament has raised the bar on the proposed legislation for regulating carbon removals but the EU is still far away from a framework that would truly benefit the climate.
A recent report by Carbon Market Watch of 20 global, EU, national and sub-national climate policy frameworks shows that not one governs carbon removals in an environmentally sound way.
Stay in touch and receive our monthly newsletter, campaign updates, event invites and more.
